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Indo Tech Transformers' IPO

CHENNAI: Indo Tech Transformers, engaged in the manufacture of power and distribution transformers, has entered the capital market with its initial public offer of 39 lakh equity shares of Rs. 10 each at a price of Rs. 130 per equity share aggregating Rs. 51.29 crore. The issue is open from February 10 to 16. P. S. Jagdish, Executive Director told presspersons on Friday that over the years, the company had executed orders for North American markets. It has also strengthened its presence in Andhra Pradesh, Karnataka and Kerala. The company has its facilities in Chennai and Palakkad.

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